<iframe width="640" height="360" src="http://www.youtube.com/embed/P36x8rTb3jI?feature=player_embedded" frameborder="0" allowfullscreen></iframe> This just in: Peggy Joseph has gone into hiding so she wouldn’t have to explain why she still has to put gas in her car.
So we do have more oil production under this president than the previous one. I'm glad you now admit that other factors affect the price of gasoline. Looks like we have one convert who realizes drilling and more drilling won't make it cheaper.
Gasoline is a global commodity like oil. The supply/demand/speculation equation just isn't within the purview of the American Executive Branch. If a refinery in Beaumont can make more money shipping out it's gasoline than selling it in the US, it will. Any president in an election year would just have to be stupid to not do everything in his power to hold down gasoline prices. And anybody who thinks otherwise is stupid too. U.S. exported more gasoline than imported last year http://content.usatoday.com/communi...orted-more-gasoline-than-imported-last-year/1 For the first time since 1949, the United States exported more gasoline, heating oil and diesel fuel last year than it imported, the Energy Department reported today. Bloomberg writes that to offset weak U.S. demand, refiners exported 439,000 barrels a day more than were imported the year before. In 2010, daily imports averaged 269,000 barrels, according to the Petroleum Supply Monthly report.
Lawmakers urge immediate limits on oil speculation http://articles.latimes.com/2012/mar/06/business/la-fi-gas-prices-congress-20120306 March 06, 2012|By Jim Puzzanghera, Los Angeles Times Reporting from Washington — With gasoline prices continuing to soar, 70 members of Congress pushed federal regulators to put a lid on excessive oil speculation. House and Senate lawmakers — all Democrats, except for one independent — wrote to the Commodity Futures Trading Commission, urging the agency to place limits immediately on traders in crude oil markets and take whatever steps necessary to rein in prices at the pump. Oil Speculation Continues Unabated -- $5 Gas Next http://www.huffingtonpost.com/daniel-dicker/oil-speculation-continues_b_844663.html The Dodd-Frank Financial Reform bill, signed into law on July 21, 2010, mandated that the CFTC write rules for the oil markets designed to stop speculation from controlling prices on crude oil and gasoline and driving them to astronomical levels, as they did in 2008. The bill also demanded that these rules be in place and working by February of this year. There's just one problem: Those rules haven't yet been written and approved. They haven't been written largely because of the pushback that the CFTC has received from the traders that make massive profits from the financial oil markets and the advocacy groups and lawyers that represent them. As the CFTC has proposed new rules, they've been met by a who's who of derivative traders and their advocates arguing for the status quo and urging caution, including PIMCO, BlackRock, Goldman Sachs, JPMorgan, the Futures Industry Association (FIA) and the Securities Industry and Financial Markets Association (SIFMA) -- to name only a few. The lawyers arguing their case are predictably the best, brightest and most expensive in Washington, including attorneys from Alston & Bird, Gibson, Dunn & Crutcher, Patton Boggs, Sullivan, Cromwell and Skadden, Arps.
Half measures. We just underwent one of the greatest financial crises of all-time, and we're pretty much rolling with the same system, with more or less the same rules.
Mr Blade, repeat something over and over will not make it true. Under Bush, there were over 40,000 permits issued for drilling, there were also drillings on private lands that didn't require permits. Under Obama, especially after the Gulf disaster, very few permits were issued. When you said we are producing more oil right now, you are correct but misguided because oil production is up in spite of Barry's best effort to prevent it.A lot of the oil production is the direct result of those permits issued under Bush and drilling on private lands. If Barry would let us open the spigot, we would not be in the mess that we are right now, he is doing everything he can to stop drilling. I'm swamped with work today so I hope bigtexxx, Basso or some of my conservative friends on this forum will provide you with some links. Again I repeat: saying something over and over again will not make it true!
can we say this is another one of Bush's failed policies; increased environmental ruin with negligible effect? If he or Obama had the balls to push through more regulation of the financial sector, we wouldn't even be having this debate.
If he or Obama had the balls to push through more regulation of the financial sector, we wouldn't even be having this debate. money=lawyers/lobbyist/politicians= the law There is no Occupy party.
most of the increase in production is attributable to fracking and shale oil production, two technologies O opposes, or has voted present on.
No, but if the thing I'm saying is true, I can say it over and over again, and it still is true. The FACTS are that oil production under Bush decreased(That is a fact). and that oil production under Obama has increased (That is also a fact). So you can claim that somehow Bush issued permits but they lead to a decrease in oil production until Obama took over, but that doesn't really add up. Denying Facts are true over and over again, doesn't make them untrue. What doesn't matter is that this shows that the policy of simply producing more oil will make prices of gasoline drop, because it doesn't. We are seeing proof of that right now.
and like clockwork http://www.realclearpolitics.com/vi...up_a_task_force_to_look_into_speculation.html
no, we should extract all the oil in the world so we can get it down to $60 a barrel with MARKET FORCES. http://www.huffingtonpost.com/robert-lenzner/exxonmobil-ceo-says-oil-p_b_862811.html
Thanks for including fracking and shale oil production basso, I was busy yesterday, just replied to Franchiseblade what came to mind. The annoying part is the left keeps saying the same erroneous thing over and over again until it sticks. That has always been their formula.
Seeing a conservative call out a liberal for saying untrue things over and over again until people believe it is the truth made me throw up in my mouth a little. http://bbs.clutchfans.net/showthread.php?t=216589
Sadly you either don't know the truth, or aren't willing to admit it. I'll give you a quiz. True or False - Oil Production under GW Bush decreased? True or False - Oil Production under Obama has increased? In case you are stumped, they are both true. You can deny it, or whine about how many permits were given, but it doesn't change those facts.
